Cyprus GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

The economy of Cyprus advanced 2.2 percent year-on-year in the third quarter of 2015, in line with flash estimates and accelerating from an upwardly revised 0.8 percent growth in the previous period, final figures showed. It is the biggest expansion since the fourth quarter of 2010, as output grew in manufacturing, retail and wholesale trade, hotels and restaurants, transport, professional, administrative and financial service activities. Meanwhile, activities of recreation and culture, social and personal services shrank. On a quarterly basis, the economy expanded 0.4 percent, slowing from a 0.5 percent growth. GDP Annual Growth Rate in Cyprus averaged 1.28 percent from 2001 until 2015, reaching an all time high of 5.50 percent in the fourth quarter of 2007 and a record low of -6.50 percent in the second quarter of 2013. GDP Annual Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.

Cyprus GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.20 0.60 5.50 -6.50 2001 - 2015 percent Quarterly
SA, WDA
The tertiary sector of services is considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Tourism, financial services, and real estate have traditionally been the most important sectors, while industrial activity accounts for only 10 percent and agriculture for 2 percent. However, due to a sharp recession between 2012-14, Cyprus had to downsize and restructure its banking sector significantly. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-08 10:10 AM Q2 0.8% 0.1% 0.9% 0.9%
2015-11-13 10:10 AM Q3 2.2% 0.6% 1.36%
2015-12-09 10:10 AM Q3 2.2% 0.8% 2.2%
2016-02-12 10:00 AM Q4 2.2% 2.48%
2016-03-10 10:00 AM Q4 2.2%
2016-05-13 09:00 AM Q1 2.43%

Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.50 2.00 -1.90 percent [+]
GDP Annual Growth Rate 2.20 0.60 5.50 -6.50 percent [+]
GDP 23.23 24.06 27.49 0.49 USD Billion [+]
GDP Constant Prices 3795.50 3795.30 3815.80 2349.60 EUR Million [+]
Gross National Product 16896.00 17563.40 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 540.20 427.30 1407.00 -6064.00 EUR Million [+]
GDP per capita 21852.09 22152.41 26384.42 6311.68 USD [+]
GDP per capita PPP 29673.18 30080.99 35827.68 23365.72 USD [+]
GDP From Agriculture 72.40 73.90 101.50 49.60 EUR Million [+]
GDP From Construction 103.00 99.00 409.10 99.00 EUR Million [+]
GDP From Manufacturing 185.06 185.15 263.00 179.66 EUR Million [+]
GDP From Mining 275.00 264.60 349.70 259.90 EUR Million [+]
GDP From Public Administration 306.52 309.74 309.74 135.10 EUR Million [+]
GDP From Services 1007.00 1014.40 1092.10 600.22 EUR Million [+]




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